Problem 2 - Concession Stand 15% PB IRRI NPV Project Incremental Cash Flows Investment Year 1 Year 2 Year 3 (50.000) 2.12 1. Update Existing Equipment Sum of CFs 23.000 (27,000) 24.000 (3,000) 25.000 22.000 2. Add a New Window Sum of CFs (75,000 44,000 46,000 48,000 3. Build a New Stand Sum of CFs (125,000) 70,000 73,500 77,000 4. Rent a Larger Stand Sum of CFs (15,000) 12,000 12,000 12,000 QUESTION 1 Among the four proposals in Problem 2, what is the greatest numerical value for the payback period (PB)? Write your answer with two decimals. Thus, for example, if the proposals have PB equal to 1.23 years, 2.34 years, 3.45 years, and 4.56 years, then your answer would be 4.56 (do not include the word "years" or any other word or symbol; just write the numerical value)